Jul 08

Helmet or Bucket?

10 Comments2008 at 12.44 pm posted by quint


Comments


manypeaks's avatar manypeaks location: none specified

great point on double inverse ETFs replacing some demand for index and sector puts. 

they still feel weird to me as a trader… buying = selling, wtf, it just does not feel as natural as shorting the ETF itself.  i digress.

i’m a Kentucky bred myself, and as you know we say all sorts of mildly comical stuff..  smile

on that note, i simply must reprise this story:  while i lived in NYC and worked on the Amex floor, there was a Makers Mark billboard on lower 3rd Ave reading “It takes a Kentuckian to make a perfect Manhattan.” made me grin anyway..


quint's avatar quint location: Tickerville

Well, I was getting nervous there for a second. Nice to see the squeeze fest.

Hope everyone got a little going.


Sniper's avatar Sniper location: none specified

QMAN!!!! You come back and give us 4 rocking trades. Great heads up on today’s tape brother. Job well done.

Also glad to see that Chart Edition is alive and well.

Keep up the good work.


hedgehog's avatar hedgehog location: none specified

Manypeaks -

KY-bred as well here. Makes, you Quint and I the trifecta.

Single barrel bourbon for me kind sir!

hh


misterc's avatar misterc location: none specified

Hey HH -

Found any good setups lately?


laprimavera's avatar laprimavera location: none specified

This is just ugly. I’m carrying both helmet and bucket and tripping all over. Since I’m clearly not a day-trader, the best way seems to be not going outside at all!


hedgehog's avatar hedgehog location: none specified

Sorry Misterc

I have been in the bunker with fast trades these past few days. By the time I post here the risk/reward is not great. I do not think this is a swing trading market at all right now. Will post any swings I see.

HH

by the way, where’s anbion? he give up?


misterc's avatar misterc location: none specified

HH -

Yeah..I haven’t seen Anbion for a while. Maybe was hit by mortar fire. This market is really tough. Fortunately I am holding only two positions (DUG and FXP), both doing okay in here.


Alamo's avatar Alamo location: none specified

Hey all....GE going to be front and center tomorrow,


laprimavera's avatar laprimavera location: none specified

I liked the market action today (Thursday). It refused to go down, despite huge spike in oil. I wish Qman did the Tape Talk for today’s market.


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